

McqMate
Q. |
What is an open-ended mutual fund? |
A. | It is the one that has an option to invest in any kind of security |
B. | It has units available for sale and repurchase at all times. |
C. | It has an upper limit on its NAV |
D. | It has a fixed fund size |
Answer» B. It has units available for sale and repurchase at all times. |
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